David Blanchflower — The economy is in the doldrums and likely to worsen. The UK

The economy is in the doldrums and likely to worsen. The UK economy has performed worse than most Euro Zone countries, and the calls for a change, of course, are becoming pretty loud. The economists who backed Osborne in 2010 have basically withdrawn their support, the IMF lowered its growth forecast and so on. The government’s economic strategy is clearly in disarray.